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Technology Current Event

Why Insurance Companies Charge Different Life Insurance Rates

Why insurance companies charge different life insurance rates.You cannot assume that when you request a life insurance quote from one insurance company, this will be the same as you will receive from all others. Life insurance rates vary from one company to another and from one state to another. They are also dependent on many factors of your life, such as your age, your gender, occupation and hobbies, health condition, the amount of coverage and in the case of term life insurance, the length of the term of the policy.

When you purchase life insurance at an early age, you will get cheaper life insurance rates. The same is true of females taking out a policy. They pay lower premiums for the same amount of coverage as males in the same age and health category. In order to understand why this difference exists among the various life insurance policies, you have to think of the life expectancy statistics on which insurance companies rely to determine the possibility that you will outlive the term of the policy. According to these statistics, women tend to live longer than men and this is why they receive low cost life insurance rates.

When you …

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Gold Investment

Secondary Health Insurance Coverage – How To Get The Best Rates

Secondary health insurance coverage -how to get the best rates. Secondary health insurance plans provide additional coverage to families who have access to more than one insurance policy. Take the example of a married couple who both have coverage available through their employers. They may each choose to have their primary coverage through their respective employers, with the policy from their spouse’s employer serving as secondary coverage. Another option is for the both spouses to select one insurance policy as primary and the other one as secondary. In this case, they might choose the policy that offers better coverage or has been in effect longer to be the primary policy.

Why Buy Secondary Coverage?

Even with a secondary health insurance policy in place, you still usually have to pay co-payments and deductibles out of your own pocket. So why get a secondary policy? Secondary coverage provides additional protection from medical emergencies and expenses. Through secondary plans, you can be reimbursed for additional medical expenses.

For example, if your primary insurer pays a lower percent of the cost than the secondary insurer would pay for the same service, you can submit the remaining amount to the secondary health insurance plan. In …